Avast has announced plans to acquire AVG in a $1.3 billion deal which will combine the antivirus products of both companies.
On Thursday, the Prague, Czech Republic-based company said an agreement has been reached which will see AVG bought out for $1.3 billion in an all-cash deal, made possible through cash on hand and debt financing.
Avast will offer $25 per share to AVG investors, a premium of over 30 percent on current trading prices.
Credits to Porthos on the Malwarebytes forums for reporting it there.
Press release from avast!:
If they want to get back in the game, all they have to do is ditch PC TuneUp, Web TuneUp, SecureSearch, etc. (as well as avast!'s counterparts), and implement AVG's technology in their product. Also, shift the focus to current threats: EK, Ransomware, etc.